Category Archive: Finance, No picture
4 Sector ETFs To Tap At New Highs
After bouts of volatility, Wall Street regained momentum in the past few sessions on optimism over trade talks between the United States and China and signs of stabilization in Turkey. The two countries are set to hold talks this week and China is expressing willingness to come to some terms with the United States to […]
Tariffs & Draining The Swamp?
Mr. David Malpass, at the US Treasury, will meet with Chinese Commerce Minister Wang Shouwen in late August. This is excellent news. Dennis Gartman beat me to this on Thursday morning. I’m in complete agreement with Dennis’ assessment: “Mr. Malpass, as everyone should remember, is an old Wall Street ‘hand’, for he was at one […]
Three Reasons USD/CHF Is Struggling To Break Parity
Earlier this month, the US Dollar Index broke out to a fresh 14-month high, reaching a peak near 97.00 midway through last week before turning lower in the latter half of the week. Despite the dip over the last couple of days, the bullish trend in the greenback writ large remains well intact, but one […]
USD/JPY Rate Outlook Mired By Bearish Sequence
JAPANESE YEN TALKING POINTS USD/JPY snaps back from a fresh monthly-low (109.78) even as U.S. President Donald Trump is ‘not thrilled’ about higher interest rates, but recent price action keeps the near-term outlook tilted to the downside as the exchange rate continues to carve a series of lower highs & lows. BEARISH USD/JPY SEQUENCE KEEPS DOWNSIDE TARGETS […]
DXY Index Enters Fourth Day Down, Threatens False Breakout
The US Dollar (via the DXY Index) is on pace for its fourth day of losses after US President Donald Trump poignantly criticized the Federal Reserve for its efforts to tighten monetary policy, while at the same time suggesting that both China and the EU are taking efforts to devalue the Yuan and the Euro, respectively. While […]
Sensex, Nifty Close At Record Highs; Healthcare And Power Stocks Witness Buying
Indian share markets continued to trade on a flat during closing hours of trade and ended the day marginally higher to close at fresh record high levels. Gains were largely seen in the healthcare sector and power sector. Both, the Sensex and Nifty, ended their day at record closing highs. At the closing bell, the BSE Sensex stood higher by 7 […]
Gold And The Turning Of Monetary Tides
Some time ago, the newest edition of famous In Gold We Trust report was released. So, why should we trust in gold in 2018? The main theme of the latest report is the unfolding sea change in the global monetary order. The authors focus on the turning of the tide in terms of monetary policy, i.e. […]
USDCAD Daily Analysis – Tuesday, August 21
USDCAD is now in downtrend from 1.3174. Further decline is still possible after a minor consolidation and next target would be at 1.2961 support. Near-term resistance is at 1.3100, only a break of this level could bring the price back towards 1.3174 previous high.
More Tariffs On China: “They Better Pay Attention” Was The Hamptons Message
Not only did Trump whine about interest rates at the Hamptons fundraiser, he also threatened China. The Wall Street Journal reports U.S. Moves Toward New Tariffs on China Despite Fresh Round of Trade Talks. The Trump administration is moving closer this week to levying tariffs on nearly half of Chinese imports despite broad opposition from U.S. […]
Indian Indices Trade Flat; Energy And Power Stocks Witness Buying
Share markets in India are presently trading near the dotted line. Sectoral indices are trading on a mixed note with stocks in the energy sector and power sector witnessing maximum buying interest. Stocks from the realty sector are trading in the red. The BSE Sensex is trading up by 12 points (up 0.03%), while the NSE Nifty is trading up by 15 points (up 0.1%). The BSE […]
